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How to Invest in the Middle East
The Middle East is trying to diversify its economy away from crude oil and energy. Abu Dhabi and Saudi Arabia are investing in renewable energy because they have the balance sheet to be able to make those investments. Oil isn't going to go away as an energy source, but it's enormous as a material science source. The old joke used to be the Arab Sheik says to the American businessman, we're selling you all this oil. You know what it's really good for? You can make it into a million different things.